The May Flowers

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Courtesy of The PPT Seasonality feature, here are two stocks with solid performance figures for the month of May.

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2014-04-23_0011

This Raises a Few Eyebrows

The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday. 

It is also worth reiterating another broad market theme of the current pullback which should raise more than a few prudent eyebrows: Despite the carnage in tons of growth leaders in recent weeks, the NYSE McClellan Oscillator (“NYMO”), which is a simple market breadth indicator tool, never once dipped into even mildly oversold territory.

Generally speaking, when NYMO is above zero it tends to indicate bullishness for stocks, and below zero, bearishness. However, extreme readings can indicate overbought or oversold conditions. Above 50 is considered to be overbought, while below -50 is considered oversold.

Of course, a major reason for this is the rotation into other sectors (discussed herein). Still, it is hard to believe bulls will get off this easy, even compared to the benign broad market pullbacks of 2013.

Please click here to continue reading

Late Night Strategy for Wednesday

4a25343a

Along similar lines to the GDP long idea from a few nights ago, keep an eye on RSPP as a long setup in the hot energy sector, basing quite well on the daily chart, below.

At the same time, the rotation into energy stocks is now well-known and obvious. The sector ETF is stretched, short-term, and any individual long may be paired off with a hedge, such as ERY, to play the sector seeing some profit-taint this week.

Drop me your top tickers overnight.

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RSPP

Stock #Market Recap 04/22/14 {Video}

If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.

Enjoy tonight’s video, and enjoy your evening. 

This is Some Serious Gourmet…

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Coffee has had a great run in 2014, with 12631 members riding the trend since January impressively.

Today, the JO ETN is breaking out from a five week-plus cup and handle formation, seen on the daily chart below.

Holding over $42 is going to be a key step for bulls in trying to forge another move higher.

Stay tuned for my video market recap after the bell, with commentary on the metals and miners, too.

_____________________________________________

JO

A Precious Metals Bull Makes His Last Stand

I discussed this last night in the recap and will update it in a bit.

Precious metals and miners’ bulls simply must make their stand here. So far, the miners are holding the line, while silver needs to not fall apart, at a minimum…

 

The May Flowers

great_ships_csg005_the_mayflower

Courtesy of The PPT Seasonality feature, here are two stocks with solid performance figures for the month of May.

__________________________________________________

2014-04-23_0011

This Raises a Few Eyebrows

The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday. 

It is also worth reiterating another broad market theme of the current pullback which should raise more than a few prudent eyebrows: Despite the carnage in tons of growth leaders in recent weeks, the NYSE McClellan Oscillator (“NYMO”), which is a simple market breadth indicator tool, never once dipped into even mildly oversold territory.

Generally speaking, when NYMO is above zero it tends to indicate bullishness for stocks, and below zero, bearishness. However, extreme readings can indicate overbought or oversold conditions. Above 50 is considered to be overbought, while below -50 is considered oversold.

Of course, a major reason for this is the rotation into other sectors (discussed herein). Still, it is hard to believe bulls will get off this easy, even compared to the benign broad market pullbacks of 2013.

Please click here to continue reading

Late Night Strategy for Wednesday

4a25343a

Along similar lines to the GDP long idea from a few nights ago, keep an eye on RSPP as a long setup in the hot energy sector, basing quite well on the daily chart, below.

At the same time, the rotation into energy stocks is now well-known and obvious. The sector ETF is stretched, short-term, and any individual long may be paired off with a hedge, such as ERY, to play the sector seeing some profit-taint this week.

Drop me your top tickers overnight.

_____________________________________________________________________

RSPP

Stock #Market Recap 04/22/14 {Video}

If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.

Enjoy tonight’s video, and enjoy your evening. 

This is Some Serious Gourmet…

maxresdefault

Coffee has had a great run in 2014, with 12631 members riding the trend since January impressively.

Today, the JO ETN is breaking out from a five week-plus cup and handle formation, seen on the daily chart below.

Holding over $42 is going to be a key step for bulls in trying to forge another move higher.

Stay tuned for my video market recap after the bell, with commentary on the metals and miners, too.

_____________________________________________

JO

A Precious Metals Bull Makes His Last Stand

I discussed this last night in the recap and will update it in a bit.

Precious metals and miners’ bulls simply must make their stand here. So far, the miners are holding the line, while silver needs to not fall apart, at a minimum…